DOBOT (02432) has announced that at the Second Meeting of the Second Board of Directors held on March 13, 2026, it was resolved to propose an application for an initial public offering and listing of A-shares. The move aims to optimize the company's capital structure, broaden financing channels, achieve long-term development goals, and enhance the liquidity of all shares held by shareholders. The total number of A-shares to be issued will not exceed 48.88 million, representing no more than approximately 11.11% of the company's total issued share capital as of the announcement date, and no more than about 10.00% of the total issued share capital as enlarged by the allotment and issuance of A-shares (before any over-allotment option is exercised). Subject to compliance with relevant laws, regulations, and regulatory requirements, and assuming no other changes to the company's issued share capital, the company may authorize the underwriters to exercise an over-allotment option to issue additional A-shares not exceeding 15% of the number of A-shares to be issued under the proposed A-share offering (before any over-allotment option is exercised). The directors believe that the A-share offering will optimize the company's capital structure, broaden financing channels, achieve long-term development goals, and enhance the liquidity of all shares held by shareholders. In addition, Mr. Wang Yong has resigned from his position as Board Secretary but will remain as an Executive Director, Chief Financial Officer, Deputy General Manager, and one of the Joint Company Secretaries. Mr. Ni Yaoqing has been appointed as Board Secretary, effective March 13, 2026.